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20110729
20110729
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's in the deal. and no savings from iraq and afghanistan. there is a trigger to force addition@cuts. you would get mandatory mechanism for the standing. is that good enough for a final deal? >> i would say that is a vote in the right direction. >> would you vote for -- >> would seeing senator reid's plan, it contains $1 trillion in cuts because he assumes the ending of the war. i'm not sure. for me, i would like to see more. >> how about if we make the reid plan, so it's their plan. give the president the debt increase through the election as he wants and attach the balanced budget. put him in a position where their only objection is a balanced budget amendment where most have voiced support for. and many in the house, have voted for as well. the clean budget house. >> both jend themen, stand by. harry reid has come to the floor. we will go back to the floor of the senate. let's keep the conversation here. in divided government, there has ta be some give. is it your position if there is no balanced budget amendment, would your vote be no? >> that is very difficult to get my vote. just like the
wars, one in iraq and one in afghanistan and keep in mind, this, of course, was post-9/11. nothing, though, compares to the bush tax cuts have had on the federal budget. how does this compare to barack obama? well, we're looking at projected spending here from 2009 all the way to 2017. there is president obama's health care package, obama care, $152 billion there. discretion nair extendy tear, stimulus tax cuts, just over $425 billion and barack obama had his own stimulus package, just over $700 billion. let's look at the two grand totals here. president bush, a grand total of over $5 billion, president obama about $1.5 trillion. what this says is, yes, both presidents spent a lot of money over a long period of time but this crisis has been years in the making. >> that's one of the criticisms that many on washington have been receiving. we saw this coming. >> now it's time for a spot of weather and it's not looking like a great weekend for us in asia. in fact, if winds were howling around our building. i believe it has a lot do with the tropical storm system that's passing by here
or daughter, husband or wife is in iraq or afghanistan, might cost them their check if we get three or four or of six days past august 2nd. >> i heard you say earlier we're seeing a generational divide in the house right now, the results of a generational divide. >> no question in the republican party there's a huge generational divide. as gloria just noted, a lot of these 87 freshmen, they're not career politicians. they were car dealers, maybe they were prosecutors. some of them were farmers. they don't feel bebeholden to the speaker. they think the people telling them to compromise are the people who built the pile of debt, the miss we're in right now. they don't truss them. remember a lot of people are making fun of them. a lot of people say these crazy tea party party. why won't they compromise? they won the last election. the last time america spoke they sent these people to washington. so they think that's what they were sent here to do. now, maybe the public's changed its mind. maybe the president and democrats have convinced them otherwise. but they just in november won an election
savings based on savings on troop levels in iraq and afghanistan. >> well, interesting enough while they're calling the overseas contingency operation dollars phantom funds, anderson, you may know they used those funds and put them in their own budget that they've already voted for and relied on. >> so where do you see this going? what do you think happens tonight? what do you think happens tomorrow? >> well, of course, i don't know what's going to happen tonight. obviously the republicans are meeting with themselves to see whether or not they have the votes to pass what john boehner has offered as a purely partisan alternative. we were not involved in those discussions. we were not involved in the decisions. and it's interesting that even in their own party it is deeply factionalized, deeply divided paint, divided against their leadership, angry at their leadership, and a party that is divided itself has difficulty working with the president or working with us. and that's unfortunate. and the country is the poorer for it. and the image of america is poorer for it. and i would hope that
the savings would come from iraq and afghanistan and don't materialize and votes on a balanced budget amendment but what the democrats reviews to do is tie an increase in the debt ceiling to passing the balanced budget amendment. you can see the rough outlines of a deal. any deal would have to go back to the house. would these conservatives especially tea party members that speaker boehner had to make concessions to, what would they do if it comes back monday night just hours before the deadline, would they vote for that? >> 201 votes in favor of this legislation. right now 196. take a look. as of now 12 republicans have bolted from the leadership from john boehner, the speaker, and eric cantor the majority leader and right now 12 republicans have voted against and still not there. 216. there is still plenty of time left. nine minutes plus for this vote to conclude. it's a fascinating development as you say. by the way, we're told john boehner was mulling around and didn't seem overly concerned but it is still not a done deal yet. once this does pass, john, assuming it passes, gets 21
in spending for the wars in iraq and afghanistan. so what the republicans have been saying, some of that math is fuzzy and they want deeper cuts. but the great concession that the democrats already made to the republican, harry reid pointed it out, and the republicans should see this as a great victory, there are no tax increases at all, no tax changes, no revenue increased from any tax reform in harry reid's proposal. so on the issue of taxes, the republicans have already won. it's a major victory on their part. the democrats are no longer seeking any increase or any changes, any elimination of tax loophole, any of those controversial tax aspects. so it's a major concession on the part of the democrats. they need it in order to get some sort of deal through. and the white house has accepted that, as well, reluctantly because you heard monday night in the president's speech how much he wanted increased revenue from changes in the tax laws. so they made a major concession already ander that's hoping that will be enough to get a combination of moderate democrats and republicans when all the dus
Search Results 0 to 5 of about 6